Bernie Madoff Pal Chuck Schumer Wants to Penalize Facebook Co-Founder for Fleeing Onerous Taxation

Posted by on May 17, 2012 at 10:06 am

Hey, Chuckie, why not just shoot these guys down when they try to flee the country? It’s funny, but I never hear nonsense like this when Hollywood morons threaten to flee when they don’t liker the results of elections.

I guess Schmuckie hasn’t had a presser since last Sunday and is eager for some facetime.

Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come to back to the U.S. again.

In September 2011, Saverin relinquished his U.S. citizenship before the company announced its planned initial public offering of stock, which will debut this week. The move was likely a financial one, as he owns an estimated 4 percent of Facebook and stands to make $4 billion when the company goes public. Saverin would reap the benefit of tax savings by becoming a permanent resident of Singapore, which levies no capital gains taxes.

At a news conference this morning, Sens. Schumer and Bob Casey, D-Pa., will unveil the “Ex-PATRIOT” – “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” – Act to respond directly to Saverin’s move, which they dub a “scheme” that would “help him duck up to $67 million in taxes.”

The senators will call Saverin’s move an “outrage” and will outline their plan to re-impose taxes on expatriates like Saverin even after they flee the United States and take up residence in a foreign country. Their proposal would also impose a mandatory 30 percent tax on the capital gains of anybody who renounces their U.S. citizenship.

These are the same people who keep the floodgates open for illegal aliens who pay no taxes. But Saverin, a guy who’s paid million in taxes? Why, he must be punished.

Funny how a guy who hasn’t returned significant amounts of money donated by Bernie Madoff has the nerve to impugn what others do with their own money.

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2 Responses to “Bernie Madoff Pal Chuck Schumer Wants to Penalize Facebook Co-Founder for Fleeing Onerous Taxation”

  1. Paul A'Barge on 18/18/12 at 1:57 pm

    Schumer is right on this one.

    The Facebook mutt should be run out of America for good for ever.

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